At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Job Description

U.S. Bank is seeking the position of Quantitative Model Analyst in McLean, VA.

Essential Responsibilities:

The Quantitative Model Analyst position review, validates, and oversees the usage of complex statistical models. Responsibilities include: Review, validate, and oversee usage of complex statistical models that cover a variety of services but that are all used a part of the financial decision making process; Document the validation testing of advanced statistical models and communication such models to stakeholders; Produce on deliverables including the creation of validation documentation such as: presentations, validation reports, validation testing codes, and validation recommendations/issues; Execute validation review plan to assess the model risk throughout the model lifecycle and independently conduct validation tests using Python/SAS/R programming language; Analyze model performance testing via Front-end analysis, backtesting/outcome analysis, bad rate analysis etc. as needed; Build benchmark/challenger models by researching alternative modeling choices and applying machine learning techniques. Position may allow working from home within commuting distance of worksite location. Multiple Openings.

Basic Qualifications:

The qualified candidate must have at least a Master’s degree or foreign equivalent degree in Statistics, Economics, or Quantitative Finance. The qualified candidate must have at least 4 year (48 months) of experience as quantitative analyst, economic analyst, or closely related occupation.

Required Skills/Experience:

The qualified candidate must have at least a Master’s degree or foreign equivalent degree in Statistics, Economics, or Quantitative Finance. The qualified candidate must have at least 4 year (48 months) of experience as quantitative analyst, economic analyst, or closely related occupation. The qualified candidate must have at least 4 years (48 months) of experience in each of the following skills: Financial Services experiences in a model risk role; Executing review plan to assess model risk across the model lifecycle including the model design, model performance monitoring and model usage; Conducting independent analysis for high model-risk areas by leveraging available data and analytical tools including Python, SAS and R; Performing detailed documentation review including model development documentation, model monitoring documentation; Providing and communicating recommendations and findings to stakeholders to ensure compliance with company’s MRM policy and regulatory requirements. In lieu of a Master’s degree and 4 years of experience, the qualified candidate must have at least a Bachelor’s degree or foreign equivalent degree in Statistics, Economics, or Quantitative Finance and at least 6 year (72 months) of experience as quantitative analyst, economic analyst, or closely related occupation and the qualified candidate must have at least 6 years (72 months) of experience in each of the skills listed above. Position may allow working from home within commuting distance of the worksite location. Base pay range may vary if an offer is made for work in a different location. Pay Range: $136,989.00 - $194,500. (#LI-NDI #LI-DNI #LI-DNP #DE-DNP).

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.  

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements).

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

U.S. Bank accepts applications for this position on an ongoing basis.